Orlandi Valuta and Banco Nacional De Mexico Establish Money Transfer Agreement
Mexico's Leading Bank to Offer Orlandi Valuta Money Transfer(R) Services
CERRITOS, Calif., May 3 /PRNewswire/ -- Orlandi Valuta, a subsidiary of First Data Corp. (NYSE: FDC), Banco Nacional de Mexico, S.A. (Banamex) and California Commerce Bank (CCB) today announced that they have entered into an agreement that will facilitate consumer money transfers to and from Mexico. Banamex and CCB, both subsidiaries of Grupo Financiero Banamex-Accival (Banacci), will become a principal agent in Mexico for Orlandi Valuta consumer money transfers. As Mexico's leading bank, Banamex will offer Orlandi Valuta money transfer services at its approximately 1,700 bank branch and sub-agent locations within the next few days, strengthening the Orlandi Valuta agent network in Mexico, which currently includes more than 900 locations throughout Mexico. With Banamex, Orlandi Valuta will now offer customers the added convenience of receiving their money transfers in the form of a cash pay-out, improving upon the company's current check-based disbursement. "We are very pleased to establish this alliance with Orlandi Valuta," said Manuel Medina Mora, chief executive officer for Banacci. "The new services offered under our agreement will provide even greater value to consumers sending money to and receiving money in Mexico. The simplified process backed by Banamex's ability to pay cash throughout Mexico will ensure a safe, reliable and convenient way for consumers to send their hard earned money home." "The simplicity and confidence offered to consumers as a result of our agreement between Banamex and Orlandi Valuta greatly improves the ability for Orlandi Valuta customers to send their money home quickly and safely," said Charles T. Fote, president and chief operating officer for First Data Corp. "Orlandi Valuta has been a leader in providing a simple and secure money transfer service to Mexico, this agreement with Banamex extends that leadership position to the benefit of our customers." About Banacci Grupo Financiero Banamex-Accival is Mexico's leading financial group. Following a universal banking strategy, the Group offers a variety of financial services to companies and individuals, which include commercial and investment banking, insurance, and fund management. Banamex, founded in 1884, is Mexico's leading commercial bank in terms of equity. The Bank has an extensive distribution network of more than 1,300 branches and 3,000 ATM's located throughout the country. About California Commerce Bank California Commerce Bank provides full banking services for companies and individuals that do business in Mexico and the United States. As part of Grupo Financiero Banamex-Accival, CCB is the U.S. banking arm of Banco Nacional de Mexico (Banamex), Mexico's leading bank. As such, CCB is the gateway to and from Mexican financial markets. With over $2.1 billion in assets and advanced international information technology systems, CCB is a valued resource for customers with interests, which cross national boundaries. For more information, visit California Commerce Bank at www.ccbusa.com. About Orlandi Valuta Orlandi Valuta, a subsidiary of First Data Corp. (NYSE: FDC) provides same day and next day electronic money transfer service from the United States to locations in El Salvador, Honduras, Guatemala and all 32 states in Mexico. In operation since 1986, Orlandi Valuta has established a safe and reliable agent network with more than 4,500 locations. About First Data Corp. Atlanta-based First Data Corp. (NYSE: FDC) powers the global economy. Serving nearly 2.5 million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, stored-value card or check at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company's Web site at www.firstdata.com. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X44065030RELATED LINKS
SOURCE First Data Corp.